Hong Kong, Korea insurers “unprepared” for new environment

Aug 10, 2016

While Southeast Asian nations have forged ahead with new risk-based capital rules, other countries, such as Hong Kong and Korea, are seen to be lagging.

Hong Kong, Korea insurers “unprepared” for new environment

As insurance firms worldwide grapple with how new risk-based capital (RBC) rules are affecting their investment portfolios, some Asian markets – such as Hong Kong and Korea – are lagging in their preparations for the new environment, say industry observers.

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